Mingfa Group (International) Co (HKSE:00846) Total Current Assets : HK$46,178 Mil (As of Dec. 2024)

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What is Mingfa Group (International) Co Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Mingfa Group (International) Co's total current assets for the quarter that ended in Dec. 2024 was HK$46,178 Mil.

Mingfa Group (International) Co Total Current Assets Historical Data

The historical data trend for Mingfa Group (International) Co's Total Current Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Mingfa Group (International) Co Total Current Assets Chart

Mingfa Group (International) Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Current Assets

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66,879.92

65,808.09

54,976.53

53,878.26

46,178.39

Mingfa Group (International) Co Semi-Annual Data
	Dec14	Jun15	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Total Current Assets	Get a 7-Day Free Trial															54,976.53	53,131.27	53,878.26	49,642.63	46,178.39

Mingfa Group (International) Co Total Current Assets Calculation

Total Current Assets are the asset that can be converted to cash or used to pay current liabilities within 12 months.

Mingfa Group (International) Co's Total Current Assets for the fiscal year that ended in Dec. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1249.919	+	2098.54	+	18281.329	+	24548.604
	=	46,178

Mingfa Group (International) Co's Total Current Assets for the quarter that ended in Dec. 2024 is calculated as

Total Current Assets	=	Cash, Cash Equivalents, Marketable Securities	+	Total Receivables	+	Total Inventories	+	Other Current Assets
	=	1249.919	+	2098.54	+	18281.329	+	24548.604
	=	46,178

Total Current Assets is linked to the Current Ratio, which is the result of dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations.

Total Current Assets is also linked to Working Capital, Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Mingfa Group (International) Co (HKSE:00846) Total Current Assets Explanation

In Ben Graham's calculation of liquidation value, inventory is only considered worth half of its book value, and accounts receivable is considered worth 75% of its value. Therefore the liquidation value is lower than calculated from total current assets.

Mingfa Group (International) Co's Liquidation Value for the quarter that ended in Dec. 2024 is

	Liquidation value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1249.919	-	48605.836	+	0.75 * 183.781	+	0.5 * 18281.329
=	-38,077

Mingfa Group (International) Co Total Current Assets Related Terms

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Mingfa Group (International) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mingfa Group (International) Co Ltd (HKSE:00846) » Definitions » Total Current Assets

Traded in Other Exchanges

N/A

Address

No. 88 Pudong North Road, Jiangsu Mingfa Business Park, Pukou, Jiangsu Province, Nanjing, CHN

Website

https://www.ming-fa.com

Mingfa Group (International) Co Ltd is an investment holding company. The principal activities of the Company include property development, leasing, and hotel management. The company's operating segment includes property development, hotel, property investment and management, and others. Property Development segment is engaged in real estate development and is further subdivided into commercial and residential. The Hotel segment is engaged in a hotel operation. Its Property investment and management segment invests in properties for their rental income potential and for capital appreciation and provides management. The company generates maximum revenue from the property development segment. Geographically, it derives revenue from the PRC.

Executives

Growing Group Limited	2201 Interest of corporation controlled by you
Chen Bihua	2201 Interest of corporation controlled by you
Galaxy Earnest Limited	2101 Beneficial owner
Wong Wun Ming	2201 Interest of corporation controlled by you

Mingfa Group (International) Co Headlines

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